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Last year, private-equity firm Lone Star Funds bought up nearly $6.7 billion of Merrill Lynch's credit debt obligations at 22 cents on the dollar. Could that be the private model the Treasury Department wants others to duplicate? Simon Johnson, a professor at MIT and a former chief economist at the International Monetary Fund, offers his insight.

A smaller pool of Republican candidates competing to be president will face off Wednesday night — one last time before primary elections begin in the new year.

Tesla is recalling nearly all of the autos it's sold in the U.S. because some warning lights on the instrument panel are too small. And NHTSA has upgraded a probe into Tesla steering problems.

Here's what could determine who the next president will be.

While former President Donald Trump tries to moderate his message on abortion, Vice President Harris’ campaign is warning voters that another Trump administration would threaten access to reproductive healthcare.

A new Congress is in place for the last two weeks of the Biden administration. Speaker Mike Johnson's control of the House seems no stronger than it was in the previous Congress.

Pat Riley, the current president and former head coach of the Miami Heat, owns half a dozen trademarks related to the word "three-peat." That could affect whether it appears on Super Bowl merch.

Markets in Asia opened lower early Friday while oil prices surged after Israel attacked Iran's capital amid the ramping up tensions over Tehran's rapidly advancing nuclear program.

The deal, announced earlier this week, would combine the two largest U.S. residential brokerages by sales volume.

The deal, announced earlier this week, would combine the two largest U.S. residential brokerages by sales volume.